Bill Text: IL HB0531 | 2009-2010 | 96th General Assembly | Introduced

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Bill Title: Amends the Property Tax Code. Authorizes a home rule municipality, by ordinance, to order the county clerk to abate, for a period not to exceed 10 years, any percentage of the taxes levied by the municipality and any other taxing district on each owner-occupied single-family residence that is located in an area of urban decay within the corporate limits of the municipality. Limits the amount of the abatement to 2% of the taxes extended by all taxing districts on all parcels located within the township that contain residential dwelling units of 6 units or less. Sets forth procedures for adopting an abatement ordinance. Effective immediately.

Sponsorship: Partisan Bill (Democrat 1)

Status: (Introduced - Dead) 2009-03-13 - Rule 19(a) / Re-referred to Rules Committee [HB0531 Detail]

Download: Illinois-2009-HB0531-Introduced.html

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96TH GENERAL ASSEMBLY State of Illinois 2009 and 2010 HB0531 Introduced 2/4/2009, by Rep. Charles E. Jefferson SYNOPSIS AS INTRODUCED:
35 ILCS 200/18-182 new
Amends the Property Tax Code. Authorizes a home rule municipality, by ordinance, to order the county clerk to abate, for a period not to exceed 10 years, any percentage of the taxes levied by the municipality and any other taxing district on each owner-occupied single-family residence that is located in an area of urban decay within the corporate limits of the municipality. Limits the amount of the abatement to 2% of the taxes extended by all taxing districts on all parcels located within the township that contain residential dwelling units of 6 units or less. Sets forth procedures for adopting an abatement ordinance. Effective immediately.
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FISCAL NOTE ACT MAY APPLY HOUSING AFFORDABILITY IMPACT NOTE ACT MAY APPLY
A BILL FOR
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AN ACT concerning revenue.
Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
Section 5. The Property Tax Code is amended by adding
Section 18-182 as follows:
(35 ILCS 200/18-182 new)
Sec. 18-182. Abatement; urban decay; residence.
(a) A home rule municipality, by ordinance, may order the
county clerk to abate, for a period not to exceed 10 years, any
percentage of the taxes levied by the municipality and any
other taxing district on each owner-occupied single-family
residence that is located in an area of urban decay within the
corporate limits of the municipality. The total abatement for
any levy year, however, may not exceed 2% of the taxes extended
by all taxing districts on all parcels located within the
township that contain residential dwelling units of 6 units or
less.
(b) An abatement adopted under this Section must be
extended to all subsequent owners of an eligible property
during the abatement period. The ordinance must provide that
the same percentage abatement of taxes applies to all eligible
property subject to the abatement ordinance, except that any
abatement granted for any parcel that is within a redevelopment

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area created under Division 74.4 of Article 11 of the Illinois
Municipal Code at the time the ordinance is adopted may not
exceed the amount of taxes allocable to taxing districts.
(c) Before the final adoption of an abatement ordinance
under this Section, the governing authority of the home rule
municipality must notify, by mail, each affected taxing
district of the pending ordinance. The governing authority of
each affected taxing district shall, within 10 days after
receiving this notification, appoint one member to serve on an
abatement review board to review the terms and conditions of
the proposed abatement ordinance. The board shall be convened
by the mayor or village president of the municipality
considering the abatement ordinance. The ordinance may not be
adopted less than 45 days after the Board is convened. A
failure by a taxing district to appoint a member to the Board
does not affect work of the Board. The Board shall report the
findings and conclusions to the governing authority of the
municipality not later than 30 days after it is convened.
(d) For the purposes of this Section, "area of urban decay"
has the meaning set forth under subsection (d) of Section
18-180 of this Code.
Section 99. Effective date. This Act takes effect upon
becoming law.